| Summary of intangible assets |
At June 30, 2025 and December 31, 2024, intangible assets consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
December 31, 2024 |
|
|
Gross Carrying Amount |
|
Accumulated Amortization |
|
Net Book Value |
|
Gross Carrying Amount |
|
Accumulated Amortization |
|
Net Book Value |
|
|
(in thousands) |
|
(in thousands) |
Licenses and Permits |
$ |
676,600 |
$ |
223,979 |
$ |
452,621 |
$ |
660,716 |
$ |
201,862 |
$ |
458,854 |
Trademarks |
|
13,930 |
|
6,419 |
|
7,511 |
|
41,511 |
|
16,098 |
|
25,413 |
Customer Relationships |
|
24,438 |
|
22,163 |
|
2,275 |
|
24,438 |
|
20,418 |
|
4,020 |
Total Intangible Assets |
$ |
714,968 |
$ |
252,561 |
$ |
462,407 |
$ |
726,665 |
$ |
238,378 |
$ |
488,287 |
|
| Summary of estimated annual amortization expense related to intangible assets |
The following table outlines the estimated annual amortization expense related to intangible assets as of June 30, 2025:
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|
|
|
|
Estimated
Amortization |
Year Ending December 31, |
|
(in thousands) |
Remainder of 2025 |
$ |
24,758 |
2026 |
|
46,552 |
2027 |
|
46,023 |
2028 |
|
46,023 |
2029 |
|
46,023 |
2030 and Thereafter |
|
253,028 |
|
$ |
462,407 |
|
| Summary of Goodwill And Intangible Assets Disclosure |
At June 30, 2025 and December 31, 2024 the balances of goodwill, by segment, consisted of the following:
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|
|
|
|
|
|
June 30, 2025 |
|
December 31, 2024 |
|
|
(in thousands) |
Retail |
$ |
279,730 |
$ |
273,802 |
Consumer Packaged Goods |
|
315,889 |
|
315,889 |
Total |
$ |
595,619 |
$ |
589,691 |
|